How do we get ProConnect to calculate 179 deduction on new assets?

[diane-m-martin20]

The 179 deduction is not calculating on current year asset purchases.  Is there a setting in the asset setup screen to turn on 179 deduction calculations?

[itonewbie · Accepted solution]

PTO may be there someday but, for now, it's not anywhere near being able to read minds and knowing how much someone would elect to expense under §179.

On the same input screen for Regular Depreciation, you should see a line for "Current Section 179 expense".  Enter the amount you'd like to expense and PTO would apply the limitations, the calculations of which can be found on one of the Worksheets.